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Problem 8-25 Using Bond Quotes Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has
Problem 8-25 Using Bond Quotes Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000, it makes semiannual coupon payments, and the current date is April 15, 2019. Last Yield Coupon Last Price Company (Ticker) JOU (IOU) Maturity Apr 15, 2031 EST Vol (000s) 1,827 7.240 96.412 ?? What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What is the current yield? (Do not round intermediate calculations and enter answer as a percent rounded to 2 decimal places, e.g., 32.16.) YTM % Current yield %
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